Below is my weekly video for members of Macke's Retail Roundup.
Fear has entered the market.
Not panic just yet, but Wednesday afternoon in the Rose Garden, POTUS unleashed the Kraken on the market, the global economy, and just about any retailer selling clothing or making shoes.
We knew the tariffs were coming. We realized the cost of doing business was going up, and it was going to somehow be passed along to consumers. But until the President held up his Reciprocal Tariff tag board, it wasn’t clear just how much of a blood sport this was going to be.
I discussed the implications and reaction in this week's Retail Roundup Video.
Watch the video below.
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